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tax code is so punitive. neil: they could solve it by cutting taxes. one way to do it or rules and regulations that make companies have to go through these accounting. >> we have the discussion about meaningful tax reform and change the tax code, it never happens. that is the disappointment in all of this. >> i call this bully capitalism. neil: i thought you were going to say something else. good for you. >> outrageous abuse of power. the president shamed these companies and bureaucrats, lawyers in the treasury department decide they're going to rattle their sabers and threaten action. they didn't take action, they threatened it and impacted the actions of a publicly traded company. neil: absolutely. selective action if you think about it. apple, no one says boo about the fact it's going to make 100 million more of the iphones in asia largely chinand ano one says boo. apple gets a pass. i think the selectivity and the double standard is a little over the top. >> especially because -- neil: go ahead. >> especially because they've called it unpatriotic.
tax code is so punitive. neil: they could solve it by cutting taxes. one way to do it or rules and regulations that make companies have to go through these accounting. >> we have the discussion about meaningful tax reform and change the tax code, it never happens. that is the disappointment in all of this. >> i call this bully capitalism. neil: i thought you were going to say something else. good for you. >> outrageous abuse of power. the president shamed these companies and...
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Apr 30, 2013
04/13
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all those taxes under brown. liabilities from pensions at the state level and entitlement programs at the national level, they are swamped with a small amount of revenue with a short-term basis. neil: bottom line,. >> if you are eating your own arm, you can only do that so long. neil: at an imaginative way of puuting it. it's good to see you. this just in, cuts strike me as more than over the top. austerity all over the world. my goodness. @ the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her... no. no! no. ...likes 50% more cash. but i don't give up easy... do you want 50% more cash? yes! yes?! ♪ [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase, plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. ♪ what's in your wallet? why? and we've hit the why phase... neil: if you are sick of spending comedies studies showing spending cuts are making people ill, li
all those taxes under brown. liabilities from pensions at the state level and entitlement programs at the national level, they are swamped with a small amount of revenue with a short-term basis. neil: bottom line,. >> if you are eating your own arm, you can only do that so long. neil: at an imaginative way of puuting it. it's good to see you. this just in, cuts strike me as more than over the top. austerity all over the world. my goodness. @ the capital one cash rewards card gives...
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Nov 17, 2014
11/14
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they are paying no property taxes, no corporate taxes, and no sales taxes. and with over 300 locations, and 3.7 million square feet available, there's a place that is is right for your business. see if startup-ny can work for you. go to startup.ny.gov. i research. i dig. and dig some (trader more. search. because, for me, the challenge of the search... is almost as exciting as the thrill of the find. (announcer) at scottrade, we share your passion for trading. that's why we rebuilt scottrade elite from the ground up - including a proprietary momentum indicator that makes researching sectors and industries even easier. because at scottrade, our passion is to power yours. gerri: we have new developments in the deadly scandal leading to all those general motors recalls. the deadline for victims of crashes caused by faulty gm ignition switches have been extended for a month as the death toll rises to 33. the man in charge ken feinberg announced the new deadline is january 31st. gm came under fire last week because the family of a connecticut woman who died in a
they are paying no property taxes, no corporate taxes, and no sales taxes. and with over 300 locations, and 3.7 million square feet available, there's a place that is is right for your business. see if startup-ny can work for you. go to startup.ny.gov. i research. i dig. and dig some (trader more. search. because, for me, the challenge of the search... is almost as exciting as the thrill of the find. (announcer) at scottrade, we share your passion for trading. that's why we rebuilt scottrade...
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rotate. >> the tax cut has absolutely nothing to do with the fica tax. that is the largest tax most americans pay. as you know, for the last several decades, the americans have been paying more in these social security taxes than the government has needed to pay the social security retirees. there is a $3 trillion surplus but really not an emergency fund that you mentioned. this money has to come out of the general fund. the federal government has borrowed all the surplus. social security is not in trouble in ten or 15 years, it's in trouble this year news on some potential presidential pardons. comes from blake berman who said there's dozens of them but no exact timing. one of them under consideration is alice marie johnson. this was the person brought to the president's attention by the one and only kim kardashian. they were pushing for a presidential pardon. this is something, we had the boxer couple weeks ago, this is something very much on the presence mind. this president is doing it in real time in the middle of his term. we find it hard to get us
rotate. >> the tax cut has absolutely nothing to do with the fica tax. that is the largest tax most americans pay. as you know, for the last several decades, the americans have been paying more in these social security taxes than the government has needed to pay the social security retirees. there is a $3 trillion surplus but really not an emergency fund that you mentioned. this money has to come out of the general fund. the federal government has borrowed all the surplus. social security...
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Jan 19, 2019
01/19
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>> they've already lowered prices to offset the tax cut. when it happens again the get another half in a couple months. they are having trouble getting the price down. they haven't gotten a $35000 car yet. they have a long way to go. they frontloaded production last year to make profits. the high end models, clearly they have eaten up the demand. now, they need the midprice models out that they can sell in europe. they are nowhere near that $35000 car. by the time they get there they will be tax credits left. >> isn't the issue getting the cars out and producing them fast enough and then delivering them fast enough? if you have fewer workers, how do you do that. >> he said were going to hire people to get production up. this is not a surprise if you go back and take a look at his tweets. this is the whole idea behind tesla. let's build this big giant assembly plant and get the cost down. what they're learning now is what they knew, it's hard to get the cost down on the technology. that's why you're not seeing a lot of mainstream electric ca
>> they've already lowered prices to offset the tax cut. when it happens again the get another half in a couple months. they are having trouble getting the price down. they haven't gotten a $35000 car yet. they have a long way to go. they frontloaded production last year to make profits. the high end models, clearly they have eaten up the demand. now, they need the midprice models out that they can sell in europe. they are nowhere near that $35000 car. by the time they get there they will...
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Feb 22, 2019
02/19
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support a wealth tax. isn't that true? >> yes. >> and i mean i have to say in terms of the actual efficacy of a wealth tax this sounds to me like a complete nightmare every year to have everyone assays exactly the value of e every investment they have, every private fund, et cetera. but let me go back to the capital gains issue. that seems to be your big problem -- not your problem. your big concern is that you pay a lower tax rate because it's capital gains. this is a serious things because occasionally this comes up on twitter. if you feel like you're undertaxed, which is a very generous thing, why don't you write a check to the federal government. i'm saying that completely seriously. >> well, look, i'll answer you completely seriously then. the point isn't my own personal taxes. the point is that people in general with higher incomes having to pay lower tax rates than people. >> from an efficacy level, why not pursue the capital gains tax and the dividend tax and the carried interest which has been a h
support a wealth tax. isn't that true? >> yes. >> and i mean i have to say in terms of the actual efficacy of a wealth tax this sounds to me like a complete nightmare every year to have everyone assays exactly the value of e every investment they have, every private fund, et cetera. but let me go back to the capital gains issue. that seems to be your big problem -- not your problem. your big concern is that you pay a lower tax rate because it's capital gains. this is a serious...
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Mar 27, 2013
03/13
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. >> they don't do anything good for, they need to get out of the way, and takes taxes, corporate tax rate is terrible. they are having small businesses are having trouble because of the government, they are making it difficult for them to thrive. >> i like gare's point, government innovation starts a lot of these things. but it is private industry that take its at a point and develops it and makes it better. neil: but you don't think that regulation that piling up faster than planes at la guardia, you don't think that will stifle that. >> you know my favorite saying, big business creates big government. you don't want regulations, none of u wantegulations. neil: i edge to think we nee doa hundred in aiwa. >> i agree we get over regulated. neil: you love regulation. >> no. they will over regulate. jim: i nerd would not see that, you were never a nerd, you are a liar. >> if nerds -- >> did you just call he me a l? >> that is ary nerd in me. >> all you oligarchs and russian mobsters that have had it with parking your money no cyprus, go west, try puerto rico, because we went out and ask
. >> they don't do anything good for, they need to get out of the way, and takes taxes, corporate tax rate is terrible. they are having small businesses are having trouble because of the government, they are making it difficult for them to thrive. >> i like gare's point, government innovation starts a lot of these things. but it is private industry that take its at a point and develops it and makes it better. neil: but you don't think that regulation that piling up faster than...
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the present tax system has 14 different brackets of tax rates ranging from 11 to 50%. we would take a giant step toward an ideal system by replacing all that with a simple three-bracket system. david: see the difference? well, hi, i'm david asman. welcome to forbes on fox. let's find out more with steve forbes. rich, list bet mcdonald, john tamny and bruce jansen. is it possible for trump to go the reagan way? >> absolutely. he should do it before congress votes on it, the way reagan did it, have the details there so he knows what to present to the american people. he doesn't need a lot of graphs. but in the background, a typical american family will keep, 2, 3, 400 a month and then the rallies adds fuel to the flames and that's how you turn up the public heat. david: can president trump do that? >> i don't think so. reagan took years for his message and reagan had a good plan to articulate which makes it much easier to sell. as trump himself as said, his tax plan does not help people like him. the last i checked, the rich paid the majority of the taxes. if we're not c
the present tax system has 14 different brackets of tax rates ranging from 11 to 50%. we would take a giant step toward an ideal system by replacing all that with a simple three-bracket system. david: see the difference? well, hi, i'm david asman. welcome to forbes on fox. let's find out more with steve forbes. rich, list bet mcdonald, john tamny and bruce jansen. is it possible for trump to go the reagan way? >> absolutely. he should do it before congress votes on it, the way reagan did...
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Mar 25, 2015
03/15
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with higher taxes on higher income families to pay for higher spending. the republican budget proposes to cut five to 7 billion over five years. the house is expected to adopt one of the two plans favored by the republican leadership. they have faced descent from fiscal conservatives who want to limit spending and defense hawks who want even more money for the pentagon. so one of the leadership budgets proposes nearly $100 billion more in defense spending and so-called contingency funding. 40 billion over what the president wants. but the other house republican leadership would offset that with $20 billion in spending cuts elsewhere in the budget. there will be a test later. back to you. >> no kidding. unconventional. crazy. two words that describe that. thank you very much for the update. we'll see what happens tonight. well, the wall street journal is reporting that one of our closest allies israel spied on us iranian nuclear talks. they spied on us. if it's true, how did they pull it off? and what does this mean to our national security? here with me n
with higher taxes on higher income families to pay for higher spending. the republican budget proposes to cut five to 7 billion over five years. the house is expected to adopt one of the two plans favored by the republican leadership. they have faced descent from fiscal conservatives who want to limit spending and defense hawks who want even more money for the pentagon. so one of the leadership budgets proposes nearly $100 billion more in defense spending and so-called contingency funding. 40...
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we cut tax rates. we got more revenues in and people in the lower classes and middle classes moved up. that isn't happening now as we moved into the opposite direction. melissa: because of policies? because of liberal policies, because -- do you agree with that, harry? >> you know, we look at the economy in four seasons. you get a bubble boom in early 1900 and roaring '20s. we've got that now and there is time when innovation flourishes. everybody gets all the computers and gets all the things and power of this top 1% declines. it is not just rising tax policies which are inevitable when 1% dominate 50% of the wealth but also the fact that we have major financial asset bubbles. guess who owns all the financial assets? top 1%, 10%, own almost all of them. when the bubbles rich the rich paradoxically get hit harder than homer simpson. agree with steve it will not be good for economy to soak the rich. they have outsized impact on the economy and they control 20% of the spending and 50% of the wealth. so i
we cut tax rates. we got more revenues in and people in the lower classes and middle classes moved up. that isn't happening now as we moved into the opposite direction. melissa: because of policies? because of liberal policies, because -- do you agree with that, harry? >> you know, we look at the economy in four seasons. you get a bubble boom in early 1900 and roaring '20s. we've got that now and there is time when innovation flourishes. everybody gets all the computers and gets all the...
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Mar 19, 2018
03/18
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the problem here is you ought to have a flat tax. fees, fines, taxes, all of them. same percentage. everybody. stuart: a bit of a hedge. ashley: absolute rubbish. stuart: thank you. ashley: absolute rubbish. you both committed the same offense. just picking on the rich again. i'm not rich, by the way, but i don't think jeff bezos should pay $278,000 for going over the speed limit. stuart: i think we've got your point. liz. liz: you're going to have traffic stops waiting for a tesla or porsche to fly by. we're waiting for progressive traffic fines. what next? progressive restaurant menus where the rich get charged more for the same meals? ashley: good point. stuart: not bad. higher taxes depending on living. liz: they do it there; right? stuart: by the way, the times quoted that it was $67,000 as a speeding fine for nokia executive in finland. i looked it up. it was $103,000 for driving your cherry red harley-davidson at 43 rather than 30. they fined him $103,000 for that. liz: this is the bureaucratic employment act for that. ashley: it's the happiest country on earth. stuart: a soc
the problem here is you ought to have a flat tax. fees, fines, taxes, all of them. same percentage. everybody. stuart: a bit of a hedge. ashley: absolute rubbish. stuart: thank you. ashley: absolute rubbish. you both committed the same offense. just picking on the rich again. i'm not rich, by the way, but i don't think jeff bezos should pay $278,000 for going over the speed limit. stuart: i think we've got your point. liz. liz: you're going to have traffic stops waiting for a tesla or porsche...
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Apr 27, 2014
04/14
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businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com . john: i noticed something weird the other day. i was looking at several websites, and on the right of the screen were ads for libertarian book, even obscure libertarian books. i thought wow, has libertarianism gotten so popular that advertisers run ads everywhere, how can they afford that? and i realize no, they're not advertising everywhere, they're just advertising to me. they knew i was interested in liberty. they're tracking what i do on the web! so should we worry about that? kate kaye reports on privacy and data collection for advertising age. so they know what we do? >> well, they know in a very general manner what we do. you've shared content that, articles about libertarian issues. john: are they selling that to a bookstore? >> they're allowing access to the book publisher through countless middle men online to run ads that target people who like libertarian issues. john: and they
businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com . john: i noticed something weird the other day. i was looking at several websites, and on the right of the screen were ads for libertarian book, even obscure libertarian books. i thought wow, has libertarianism gotten so popular that advertisers run ads everywhere, how can they afford that? and i realize no, they're not advertising everywhere, they're just...
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Dec 10, 2017
12/17
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david: if we get tax-cut the market won't pop up. >> that is . keep it right here. >> you think these guys avoided a government shutdown? only until december 22 and if democrats like minority leader chuck schumer don't get their way on illegal immigration all bets are off but is that a threat that schumer used to use? >> we believe strongly in immigration reform. we are shutting down the government and we are going to raise the debt ceiling until we pass immigration reform. he would be governmental chaos. >> so he's okay with it chaos now? i'm lauren simonetti welcome to cashing in. i cashing in for this week rachel, gerri willis and juan williams. welcome to the show. gary we will begin with you. our democrats being hypocrites right now? >> if there is enough hypocrisy in both parties over the years for a couple of oceans but all you need to do is look at the special place in my heart for the schumer pelosi standards party, say one thing and do the other but let's be clear nothing is going to change when all is said and done that if there's a go
david: if we get tax-cut the market won't pop up. >> that is . keep it right here. >> you think these guys avoided a government shutdown? only until december 22 and if democrats like minority leader chuck schumer don't get their way on illegal immigration all bets are off but is that a threat that schumer used to use? >> we believe strongly in immigration reform. we are shutting down the government and we are going to raise the debt ceiling until we pass immigration reform. he...
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Mar 21, 2018
03/18
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phase two tax cuts. we're going to start monday with kevin and myself and everybody on doing it again. stuart: peter morici, economics professor guy still with us. do we need a second round of tax cuts? and if we do, what kind of cuts do you want to see? >> well, now is the time to applaud larry kudlow's rival at the white house because he has ideas. , for example, indexing capital gains is a great idea. actually, it promotes economic efficiency to tax real capital gains as opposed to having the arbitrary exclusion we have after two years or whatever it is. my feeling is that that needs to be done. however, how do you get 60 votes in the senate at a time like this at something that's going to cost revenue? we certainly could cut the budget to find the money. i could think of some neat places to do that. perhaps going to universities to promote political correctness. stuart: not going to happen. >> and some of the entitlements. but i don't know if he's going to get that out of the democrats. stuart: not g
phase two tax cuts. we're going to start monday with kevin and myself and everybody on doing it again. stuart: peter morici, economics professor guy still with us. do we need a second round of tax cuts? and if we do, what kind of cuts do you want to see? >> well, now is the time to applaud larry kudlow's rival at the white house because he has ideas. , for example, indexing capital gains is a great idea. actually, it promotes economic efficiency to tax real capital gains as opposed to...
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that was an obama budget, obama trade deals, obama tags -- >> lower taxes. >> lower taxes this year. >> lowering regulations. >> he says the stock market is great report card. >> but it is not the only report card. neil: my producers are screaming at me, they scream extra laud because i'm old. i know. i am wondering if whatever concessions the chinese make they will do something to your point will be enough to satisfy the markets? what do you think? >> yes. >> yeah. earnings will dwarf anything going on over the next year. neil: does he look like superman if they get some concessions? >> he will cheer bit. neil: i know he will about you and investors. you don't think this would grease the skids for further run-up no yeah. >> even with the mercantilism of the markets. >> what the markets say if you're in a trade war that is stupid. >> business is international. capital flows. we have want to be the most welcome -- >> jack doesn't believe the tax cuts are really working. >> no, i think the evidence isn't there yet. we have to see. great growth this year. let's see what next year's inve
that was an obama budget, obama trade deals, obama tags -- >> lower taxes. >> lower taxes this year. >> lowering regulations. >> he says the stock market is great report card. >> but it is not the only report card. neil: my producers are screaming at me, they scream extra laud because i'm old. i know. i am wondering if whatever concessions the chinese make they will do something to your point will be enough to satisfy the markets? what do you think? >> yes....
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Apr 11, 2018
04/18
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if oil prices continue to spike, that is a tax on the consumer and on earnings. that actually hurts earnings and something to watch. oil stocks are acting great as they break out here, something definitely it watch. i hear talk that when war breaks out that is good for the market. i'm not so sure of that. trish: mark, you saw what the fed is reporting. do you feel as optimistic as the as the tax cuts and result of deregulation we've seen? >> i certainly did, trish. as we know the minutes were about a meeting that occurred three weeks ago. a lot of information the market is dealing with is knew and wasn't captured in the fed outlook. what has changed is heightened rhetoric as it relates to trade tariffs. of course now a potential conflict shifting into syria between the u.s. and russia. so if things continue to metastasize in a rather sinister fashion it probably negates some of the optimism the fed expressed by the minutes and may impact behavior by further rate hikes. trish: you meaning, not as many, not as many rate hikes in your view? >> meaning not as many be
if oil prices continue to spike, that is a tax on the consumer and on earnings. that actually hurts earnings and something to watch. oil stocks are acting great as they break out here, something definitely it watch. i hear talk that when war breaks out that is good for the market. i'm not so sure of that. trish: mark, you saw what the fed is reporting. do you feel as optimistic as the as the tax cuts and result of deregulation we've seen? >> i certainly did, trish. as we know the minutes...
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Dec 20, 2014
12/14
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he wants republicans to raise taxes to cut it in half. manageable sizable gap. allows private charity to thrive. when you take the difficult problems of how we solve poverty in old age, how we solve insurance against the business cycle, charity can focus on nimble, targeted, humanistic things, as a theologian would say charity isn't about money, it's about actions, brotherhood and lot. you can't substitute that for social insurance which requires a lot of money. john: but there's so much more money now than there was during the great depression there. are billionaires who have billions that they're looking to do something with. >> and want to donate it to harvard and want their name on an opera. john: if there wasn't the bloated welfare bureaucracy, they would step in and fix that, too. >> if you talk to food banks in new york after the sequestration cut food insurance, they're worried about cuts to food stamps, they don't think private money is going to automatically flush in. >> you eliminated social capital which has spillover effects. you have rich social ne
he wants republicans to raise taxes to cut it in half. manageable sizable gap. allows private charity to thrive. when you take the difficult problems of how we solve poverty in old age, how we solve insurance against the business cycle, charity can focus on nimble, targeted, humanistic things, as a theologian would say charity isn't about money, it's about actions, brotherhood and lot. you can't substitute that for social insurance which requires a lot of money. john: but there's so much more...
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social policy should not be donethrough the tax code. johnand i agree. [applause] people would still give. >> i think that point* of view has a great deal of met but i applaud respectfully say the charitable deduction is an important part of american life. we don't have giving because of the charible deduction but because we've value that. it is an important mechanism to link communities and. john: the charity does not the deduction. >> is a signal of a set of values. john: from facebook. do think it is better to give time or money? >> is great to do both. john: pic one. >> i don't. [applause] i think the best way to understand how way charitable organization works is to help achieve the mission is put to your time where your money is. john: people who give time self report that it brin self report that it brin re happiness. many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where
social policy should not be donethrough the tax code. johnand i agree. [applause] people would still give. >> i think that point* of view has a great deal of met but i applaud respectfully say the charitable deduction is an important part of american life. we don't have giving because of the charible deduction but because we've value that. it is an important mechanism to link communities and. john: the charity does not the deduction. >> is a signal of a set of values. john: from...
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if the maximum rate was 25% i would be $160 billion tax crease. $160 billion potential tax increase and $80 trillion world that is growing gdp this year in nominal terms maybe 5% with 3% real and a couple% inflation. $4 trillion approximately of nominal gdp growth. that 160 as 4% of one year's growth rate. this is minuscule east mall. when people make a big fear over a little bad, it is very bullish. turn to john feldman joins us and from horizon investments comanches dratted just great failure joins us as well. i'm trying to figure this out. jack had a little smile on his face. i don't think either one of you. greg, i'll start with you. what do you think? i did follow what ken fisher is saying they are that think this is such a big deal. it turns out it really isn't and that is bullish for the market. we think of it? >> three quick points. we could win this fight. someone is going to cry uncle and i don't think it's going to be us. number two, the huge economy at ken fisher said. in an economy this day, the impact might be to her 310 to 1% on gdp, maybe a couple of inflation. the big p
if the maximum rate was 25% i would be $160 billion tax crease. $160 billion potential tax increase and $80 trillion world that is growing gdp this year in nominal terms maybe 5% with 3% real and a couple% inflation. $4 trillion approximately of nominal gdp growth. that 160 as 4% of one year's growth rate. this is minuscule east mall. when people make a big fear over a little bad, it is very bullish. turn to john feldman joins us and from horizon investments comanches dratted just great failure...
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Jul 27, 2018
07/18
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is an attractive tax climate again. we see that in the data as well. >> you know, i noticed that the president, of course, and you mentioned and comments at the white house today about what's happening on the trade run and the trade deficit did dip a little bit in the latest period. but the fact of the matter is year-over-year it's worse than it was, but still a fraction, if you think about it, concerning the budget deficit. president never mentions the budget deficit. looking at a trillion dollars one next year, does he care about it? talk to you about it? >> he does. i disagree he doesn't mention it. when you saw the spending deal, he was pleased to see the military spending he wanted but is concerned there is too much other spending. neil: he still signed it. he still signed it. >> well, i think it was because really there was such a problem with the military spending, fallen so far behind under president obama that he had a lot of catching up to do. i would guess in the next budget negotiation we have to draw a hard
is an attractive tax climate again. we see that in the data as well. >> you know, i noticed that the president, of course, and you mentioned and comments at the white house today about what's happening on the trade run and the trade deficit did dip a little bit in the latest period. but the fact of the matter is year-over-year it's worse than it was, but still a fraction, if you think about it, concerning the budget deficit. president never mentions the budget deficit. looking at a...
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Apr 28, 2014
04/14
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businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com predibut, manufacturings a prettin the united states do. means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. hello. shopping for a used car with the right history? yeah. i don't want one that's had a big wreck. oh, our team tracks millions of accidents. yeah, doug to carfax... i got an accident report on vin# 1dc... moles? they dig up the facts. naturally. let carfax® help you find the right used car with the right history. i like it. start shopping now at carfax.com you are gonna need a wingman. and with my cash back, you are money. forget him. my airline miles will take your game worldwide. what i'm really looking for is -- i got two words for you --
businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com predibut, manufacturings a prettin the united states do. means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. hello....
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Mar 27, 2018
03/18
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our tax for foreign cars sold here about 2 1/2%. that is not fair. that is not right and the president is saying what is ignored in much of the media. we have john to his the president is on to something here but he could risk making the situation potentially worse. you were looking at this, john, we were briefly talking during the break, you understand what the president is trying to do but you're afraid it could blow up? >> yes i think there are real issues here. let's start with the notion that we have a very mature car market in the united states. our future for growth in the car industry here in the united states is through exports. we export two million cars and trucks every year from the united states. we need to export more to grow our factories here and employ more americans. neil: how many of those make their way to china? >> that's a good question. it is very early in the process. what you see international car companies, u.s. car companies, car companies from japan, europe, korea investing in china to build in china because of requirement
our tax for foreign cars sold here about 2 1/2%. that is not fair. that is not right and the president is saying what is ignored in much of the media. we have john to his the president is on to something here but he could risk making the situation potentially worse. you were looking at this, john, we were briefly talking during the break, you understand what the president is trying to do but you're afraid it could blow up? >> yes i think there are real issues here. let's start with the...
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the federal tax revenues have been pouring in since tax cuts passed. stuart: they have indeed. they will really pour in early next year if salt takes into effect. >> republicans deliver more money? your wallet as well. stuart: we had hearings non-stop since 9:30 eastern time. dow industrials have gone nowhere. at one point we're down 60. we're back to almost break even. we're down eight. i should tell you you have a new all-time high for apple. now at 226. it was at the new high earlier. touching very close to $230. look at netflix. it is down big time. why? apple is spending a billion dollars on original new content. ashley: morgan stanley said a billion. not only buy content, produce a ton of it. stuart: 24 new shows and partnerships being announced. ouch. stuart: they have the money to back it up. apple, new high. amazon, trillion dollar valuation yesterday. one analyst upping his price target to, $2450. says amazon's twitch service. gives it a huge opportunity with esports. that is our story. twitch is a video service. the dow just turned positive. i should tell you that up
the federal tax revenues have been pouring in since tax cuts passed. stuart: they have indeed. they will really pour in early next year if salt takes into effect. >> republicans deliver more money? your wallet as well. stuart: we had hearings non-stop since 9:30 eastern time. dow industrials have gone nowhere. at one point we're down 60. we're back to almost break even. we're down eight. i should tell you you have a new all-time high for apple. now at 226. it was at the new high earlier....
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Mar 28, 2018
03/18
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treatment amazon has which might dodge taxes in localities that want to issue those taxes or feel the company allows third party entities and sellers to avoid paying taxes. what do you make of that? >> you know, listen amazon, we've seen some changes even in the past few years with how amazon is issuing taxes. i pay taxes in washington, d.c., for items purchased on amazon which i didn't before. users that are amazon loyalists understand the tax implications. they continue to evolve. i don't think it will hurt the company's innovation plans in the broad climate that we face in washington, d.c. neil: the broader climate says we would like to talk to you. the official washington, whether the ftc wanting to investigate facebook's books or those in congress who want to talk to ceos of everyone from you know, facebook to twitter. what's going on here? does it make you wonder about where this whole sector is going? >> yeah, you know, really interesting, that we're sort of walking this fine line, right? between how we allow companies to stay innovative and compete globally. facebook doesn't c
treatment amazon has which might dodge taxes in localities that want to issue those taxes or feel the company allows third party entities and sellers to avoid paying taxes. what do you make of that? >> you know, listen amazon, we've seen some changes even in the past few years with how amazon is issuing taxes. i pay taxes in washington, d.c., for items purchased on amazon which i didn't before. users that are amazon loyalists understand the tax implications. they continue to evolve. i...
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Nov 26, 2018
11/18
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tax reform got rid of deductions for state and local taxes northern as salt. come on in, americans foretax reform, grover norquist. stuart: grover, can you see the democrats reversing the decision on salt? getting back to the point where you can deduct state and local taxes. there is a lot of support that for democrats. >> if they were willing to support that we could have passed without eliminating salt deductions beyond 10,000. for most americans, about 10% of the americans, actually now file and look for individual deductions rather than the standard form. so we're talking about 10% of the population is in that zone. what we did do with tax reform is took about 4 plus million people off the alternative minimum tax which gives many of the same -- stuart: but the republican party was killed in those five high-taxed states. high income earners, new jersey, new york, california, they can't deduct all the tax money they're paying to their state. they really resent it. people voted democrat. it destroyed the republican party in those states. how do you get it bac
tax reform got rid of deductions for state and local taxes northern as salt. come on in, americans foretax reform, grover norquist. stuart: grover, can you see the democrats reversing the decision on salt? getting back to the point where you can deduct state and local taxes. there is a lot of support that for democrats. >> if they were willing to support that we could have passed without eliminating salt deductions beyond 10,000. for most americans, about 10% of the americans, actually...
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Mar 26, 2018
03/18
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to know what the government is doing with her taxes. >> uncle sam, what are you doing with tax money, you know what i'm saying, you donate -- will you donate from a kid from a foreign country, they give you updates on what they are doing with the nation, i want to know what you're doing with my tax money, i'm from new york, the streets are always dirty, the dirtiest streets in america. stuart: we finally found a celebrity that doesn't like paying half of income in taxes. four cities joining in as well as orange county, they are looking into doing the same thing, opting out of the sanctuary city, sanctuary state idea, joining us now michelle steel, is this a turning point, michelle, that's four other cities, plus orange county, things are changing? >> yes, i think things are changing, orange county has -- actually orange county is third largest county in california, 3.2 million people living in this county so we started and all actually -- i have to give credit to city of los alomitos, we are joining them and other cities and hopefully it'll go out to other counties too. stuart: well,
to know what the government is doing with her taxes. >> uncle sam, what are you doing with tax money, you know what i'm saying, you donate -- will you donate from a kid from a foreign country, they give you updates on what they are doing with the nation, i want to know what you're doing with my tax money, i'm from new york, the streets are always dirty, the dirtiest streets in america. stuart: we finally found a celebrity that doesn't like paying half of income in taxes. four cities...
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Mar 30, 2018
03/18
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trump's tax-cut. joel schulman, the ceo and chief investment officer. the good news keeps coming in terms of tax cuts. >> we have a lot of companies receiving additional cash dollars as a result of this tax benefit. companies like mcdonald's using it to retain employees and companies like amazon putting billions back in r&d. dagen: when will that juice economic growth? will that help give markets some balance? >> one of the best january on record. and in late february, markets return where they were. >> an important thing to note is mcdonald's had to do this because everyone else across the board was raising minimum wage, that goes to the free market is going to allocate capital to the highest and best uses including salaries but one of the things going into the future for the stock market this year, rates are coming down, the fed raising rates, look at where the dollar is, this is great for s&p 500 companies because they will get earnings benefits from taxes and costs of capital not going up as expec
trump's tax-cut. joel schulman, the ceo and chief investment officer. the good news keeps coming in terms of tax cuts. >> we have a lot of companies receiving additional cash dollars as a result of this tax benefit. companies like mcdonald's using it to retain employees and companies like amazon putting billions back in r&d. dagen: when will that juice economic growth? will that help give markets some balance? >> one of the best january on record. and in late february, markets...
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obviously as you pointed out, tariffs are a tax. we have enjoyed the tax cuts. we don't want to obviously undermine that with tariffs. so i don't want to downplay it. ultimately it will depend how broad and far-reaching these go. it is very difficult at this point for anyone to determine but that will drive economic impact. lauren: guys, thank you very much. >> plenty of uncertainty, no doubt about it. that gets us to the weekend but here is teddy weisberg to tell us the sun will come up and market have at opening bell, monday morning at 9:30. you look forward to coming to work monday morning or what? >> i look forward to coming to work every day. connell: you have been through a lot of crazy days. interesting it happens going through a weekend. >> right. connell: we talk there is so much uncertain i more than ever the president came out, i thought that announcement more than others, that seemed to come out of the blue, out of left field. no products attached to it like previous announcement. he wanted a round number and to get people talking and well, he got pe
obviously as you pointed out, tariffs are a tax. we have enjoyed the tax cuts. we don't want to obviously undermine that with tariffs. so i don't want to downplay it. ultimately it will depend how broad and far-reaching these go. it is very difficult at this point for anyone to determine but that will drive economic impact. lauren: guys, thank you very much. >> plenty of uncertainty, no doubt about it. that gets us to the weekend but here is teddy weisberg to tell us the sun will come up...
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Mar 13, 2014
03/14
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com liz: breaking news on sotheby's. it appears management of sotheby's is pushing back a mouth think activist investor daniel lobe of third point. charlie gasparino up in the newsroom. you reported this week daniel lobe called sotheby's and screaming at all kind of assistants and yelling them how the company needed to change. has that now bit him? >> i think it obviously didn't help. what we first reported sotheby's was locked in negotiations with lobe. these negotiations weren't very, weren't going very well. as you know lobe is activist shareholder. he is mouthing a proxy price wanting to changement of the -- change management of the board member and screamed at her and bought flowers the next day. that obviously did not help. sotheby's wants no part of lobe. they offered him a board seat. they rescinded that. they said the three people he wants on the board have no relevant experi
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com liz: breaking news on sotheby's. it appears management of sotheby's is pushing back a mouth think activist investor daniel lobe of third point. charlie gasparino up in the newsroom. you reported this week daniel lobe called sotheby's and screaming at all kind of assistants and yelling them how the...
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Jan 18, 2015
01/15
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is a middle class tax, this tax break is a middle class tax hike. open secret on wall street that wall street would pass this along to 401(k) mutual funds and iras in the form of higher fees. >> mike would it help or hurt the middle class? >> it would hurt the middle class, david. i would have loved to have been in the room when they thought of this. we've had a terrible economy, i know, let's punish successful people us because we want less of them. we'd have a country where there would be a lot fewer people earning $100,000 or more. that's it. >> meanwhile, getting beat up an up and down market get in on safe stocks to buy right now. that's coming up. . >>> and we are back with steady stock picks this this very shaky market. emac you've got a fund that invests in big companies. >> pnc large cap, sweet double digit run. >> so what do you think, mike. >> great took but too expensive. >> all right. water, we know that the world needs more of it you've got a company that deals with it. >> sjw, david, they're a water utility. if you're thirsty for divi
is a middle class tax, this tax break is a middle class tax hike. open secret on wall street that wall street would pass this along to 401(k) mutual funds and iras in the form of higher fees. >> mike would it help or hurt the middle class? >> it would hurt the middle class, david. i would have loved to have been in the room when they thought of this. we've had a terrible economy, i know, let's punish successful people us because we want less of them. we'd have a country where there...
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Jun 12, 2014
06/14
by
FBC
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eye 56
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with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. [ girl ] my dad, he makes underwater fans that are powered by the moon. ♪ he can print amazing things, right from his computer. [ whirring ] [ train whistle blows ] he makes trains that are friends with trees. [ train whistle blows ] my dad works at ge. ♪ humans. even when we cross our "ts" and dot our "i's", we still run into problems. that's why liberty mutual insurance offers accident forgiveness with our auto policies. if you qualify, your rates won't go up due to your first accident. because making mistakes is only human, and so are we. we also offer new car replacement, so if you total your new car, we'll give you the money for a new one. call liberty mutual insurance at... and ask us all about our auto features, like guaranteed repairs, where if you get into an accident and use one of our certified repair shops, the repairs are guaranteed for life. so call... to talk wi
with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. [ girl ] my dad, he makes underwater fans that are powered by the moon. ♪ he can print amazing things, right from his computer. [ whirring ] [ train whistle blows ] he makes trains that are friends with trees. [ train whistle blows ] my dad works at ge. ♪ humans. even when we cross our...
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Apr 25, 2014
04/14
by
FBC
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eye 67
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businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >> they see your every move. these are the books that sneak into our computers read scarlet johansson had some photos of herself in her computer. a hacker managed to grab them and sent them to gossip websites. jay-z, kim kardashian, credit card numbers posted on a russian website. so how do the crooks get this information. >> we have a firewall set up, and when you say antivirus, i think of them now where things and now it is keep the crooks away. >> so if you have proper security in place. >> it is going to keep the bad guys out, along w
businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again....
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Oct 31, 2017
10/17
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. >> let's get a tax bill. make it quick. >> america cares about tax reform and houston astros taking the pennant today the world series. have a great game. >> because republicans in congress give me a headache. [laughter] >> stuart varney is next over to you "varney & company" take it away. stuart: give me the advil. >> cease the day, stew. >> thank you. >> manafort indicted media frenzy distraction, the big story is the growing economy and yes the continuing trump all rally good morning everyone. let's start right there if you're worried the political turmoil will hurt you well look at this a pull back yesterday bounce back today stocks are going up again today and look where the money is employing again. facebook free market has reached 180 dollars share. even though they'll face congress today after admitting russian backed items were read by 126 million americans. and then there's apple, just as iphone 7 appear, moves to another record high. by the way, tim cook is in china showing off the 10 preorders the
. >> let's get a tax bill. make it quick. >> america cares about tax reform and houston astros taking the pennant today the world series. have a great game. >> because republicans in congress give me a headache. [laughter] >> stuart varney is next over to you "varney & company" take it away. stuart: give me the advil. >> cease the day, stew. >> thank you. >> manafort indicted media frenzy distraction, the big story is the growing economy...
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we're very proud of the tax cut. a lot of people are being helped so much and so many things that we don't talk about, when you're talking about tooling and trucking and all of the elements of investment that you have to make and you have one-year expensing, who would have thought you had that? nobody thought it was possible to write off your expenses in one year. simply one-year expensing. it's going to be the greatest benefit in the whole bill. i actually think that perhaps tremendous amounts of money is coming, basically, billions and billions of dollars is being brought from offshore where big companies, small companies, they had money trapped outside of our country, they couldn't get it in, and i think it's going to end up being $4 trillion will come back in. already apple said they're bringing back about 220 billion, and others are bringing back billions and billions of dollars, coming back at a faster rate than we ever thought possible. so it's really been tremendous. so i just can say on behalf of myself and
we're very proud of the tax cut. a lot of people are being helped so much and so many things that we don't talk about, when you're talking about tooling and trucking and all of the elements of investment that you have to make and you have one-year expensing, who would have thought you had that? nobody thought it was possible to write off your expenses in one year. simply one-year expensing. it's going to be the greatest benefit in the whole bill. i actually think that perhaps tremendous amounts...
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Mar 20, 2018
03/18
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FBC
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b5 wanting more money with 3% taxes. the danger -- stuart: stopping them monetizing the database they exploited so far. is down $9.24, 5% on top of yesterday's loss, only 10 days ago that thing was 188. >> how many apps are on the website when you are on facebook watching it? what is your profile? what information do they have on each of us? we should be able to know which information facebook has and we should be able to see it. stuart: at the moment i'm not allowed to go to facebook and say what do you know about me? show me your file on me. you can't do that. what have you got on me? a pedestrian was killed by a self driven car in arizona. huber has suspended the testing program. a big setback for the self driving industry. >> temporary setback. industry have a chance to prove itself in the future that it is safe. stuart: temporary setback, that is all you got. >> can't give you timespan but this doesn't permanently doomed self driving vehicles. >> the person died and didn't hurt the air industry. after orville and wi
b5 wanting more money with 3% taxes. the danger -- stuart: stopping them monetizing the database they exploited so far. is down $9.24, 5% on top of yesterday's loss, only 10 days ago that thing was 188. >> how many apps are on the website when you are on facebook watching it? what is your profile? what information do they have on each of us? we should be able to know which information facebook has and we should be able to see it. stuart: at the moment i'm not allowed to go to facebook and...
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194
Jan 15, 2013
01/13
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eye 194
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backup for the government and the tax code. it is an inefficient way of subsidizing. sandra: a sign we are overtaxing and overregulating corporations and small businesses to the point data want to hire these people so people have to downgrade out of jobs they should be working in and educated to work in and take lower-level service jobs. very much a sign of the times. stuart: the government takes money off of this group to top off the income of that group. that is -- [talking over each other] stuart: that is my take. big money at the story everybody is talking about today, lance armstrong comes clean on informant -- performance enhancing drugs and made millions in prize money and endorsements, raise a lot of money for his cancer charity. we are a forgiving country. we really are. here is the question. will the nation give him a second chance or is he totally finished? we will ask that question. we have a pr executive on whether it lands can have his image and i have my take on mr. armstrong around 10:28 this morning on this pro
backup for the government and the tax code. it is an inefficient way of subsidizing. sandra: a sign we are overtaxing and overregulating corporations and small businesses to the point data want to hire these people so people have to downgrade out of jobs they should be working in and educated to work in and take lower-level service jobs. very much a sign of the times. stuart: the government takes money off of this group to top off the income of that group. that is -- [talking over each other]...
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Mar 26, 2018
03/18
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FBC
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eye 49
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and if you think about it, that could offset whatever gains you're getting from tax cuts, right? why is no one talking about that? we are. ♪ whoooo. when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking. tripadvisor. the latest reviews. the lowest prices. neil: all right. what is the difference now? stock market way, way up. we're still talking about china versus last week we were way, way down, still talking tough with china. now signs that the chinese are either blinking or looking to make a deal to avoid tariffs going into effect. former reagan economic advisor art laffer. you know, art, i was thinking you ahead of your visit here. it was ronald reagan who acted against the japanese when they were dumping computer chips on our market. a lot of people said that is not the fry market way to react. ronal
and if you think about it, that could offset whatever gains you're getting from tax cuts, right? why is no one talking about that? we are. ♪ whoooo. when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking. tripadvisor....
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45
May 11, 2014
05/14
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FBC
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eye 45
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with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. welcome. i see you're shopping for a well-maintained, used car. well, we don't want it breaking down on us. oh, our team tracks vehicle service very closely. gail to carfax®. got a minivan getting an oil change and brand new brakes! you know i like to see that. bad brakes are bad news for possums. now carfax® can help you find the right used car. that's the one! start your search at the new carfax.com . john: you've heard the expression, you can't fight city hall. people say it for a reason. the bureaucrats have all the time and money in the world. they don't care if you lose your investment or how much time it takes you. that's why they usually win. they pretty much defeated the little girl we met in the last segment, but occasionally an entrepreneur has the resources and will to fight back and win. greg garrett did that, he raises oysters on his land or off his land in virgini
with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. welcome. i see you're shopping for a well-maintained, used car. well, we don't want it breaking down on us. oh, our team tracks vehicle service very closely. gail to carfax®. got a minivan getting an oil change and brand new brakes! you know i like to see that. bad brakes are bad news for possums....
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Dec 29, 2018
12/18
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eye 61
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we don't tax fuel very high. you could completely change the tax code where people making up to $100,000 don't have to pay taxes and replace it with simple taxes on gas, electricity, everything else, and it'd be totally net neutral. maybe $8 a gallon for gas -- >> the goal itself, to liz's point of, well, we should reduce our carbon footprint, why? why should we sacrifice our own -- >> because you don't live in a place where they've had to raise the roads threepeat for $500 -- three feet like i do. >> amsterdam used to be underwater, and man adapts. man masters his environment and makes the best of it. we always have. and man's life has gotten better the more fossil fuels we've used, so -- >> no one's denying that the world gets better every year, and it's wonderful that we have all these inventions -- >> yeah, but it's not better when there's another gas on tax -- tax on gas. >> first of all, about the house getting anything done. on this issue, i've got jonathan in one ear telling me, don't worry, everything's
we don't tax fuel very high. you could completely change the tax code where people making up to $100,000 don't have to pay taxes and replace it with simple taxes on gas, electricity, everything else, and it'd be totally net neutral. maybe $8 a gallon for gas -- >> the goal itself, to liz's point of, well, we should reduce our carbon footprint, why? why should we sacrifice our own -- >> because you don't live in a place where they've had to raise the roads threepeat for $500 -- three...
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Dec 21, 2012
12/12
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eye 74
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preserve the tax cuts or take a 400,000 and below. the treasury secretary has the power is there isstrong evidence. you cannot make a judgment call. there has to be evidence. >> wall street is very concerned. no doubt the average folks at home who have been cutting back more inclined to hang onto their wallets. they don't know what will happen. thank you congress. thank you mr. president. >> it is charities' season. makes us feel good to give. that is why there is a concert for storm victims. a bit greedy businesses ted turner did not like at idea. >> there is nothing more to say list. >> good by. >> now there are new ways to give to chary. >> where should you give? tonight. >> what does charity mean to you? the media obsesses what celebrities do and big stars raised more than $30 million for the hurricanes and the victims but this is not charit is most know it but quieter purpose 64% give almost $1,000 to their church the most common form followed by schools and then those meant to help the poor. had you know, they are legitimate? ma
preserve the tax cuts or take a 400,000 and below. the treasury secretary has the power is there isstrong evidence. you cannot make a judgment call. there has to be evidence. >> wall street is very concerned. no doubt the average folks at home who have been cutting back more inclined to hang onto their wallets. they don't know what will happen. thank you congress. thank you mr. president. >> it is charities' season. makes us feel good to give. that is why there is a concert for...
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168
Jan 15, 2014
01/14
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eye 168
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their creator got 2 years probation for tax evasion and a 53 million dollar civil penalty for tax evasion. charles, i know you've got a lot to say about this? >> i do. i think this is a great poster case, child, if you will for the attack on capitalism and success in america. here is a guy that created something from nothing and made a lot of people happy and given so much money away to philanthropy. he had an account over in europe didn't tell his accountant about it and made money off it. penalize him 27 million in interest and then another 53 million in a civil penalty. i think the tax bell was less than 10 million. you want to talk about teaching someone a lesson. if some people are upset only two years probation and didn't go to prison, this is a man that's given money to kids and just millions and millions of dollars. >> that's why the sentence was so light. the judge specifically referenced. charles: shouldn't have been a sentence at all. if a guy gives up 70 million dollars for not paying 9 million dollars. >> should one take that into consideration, he broke the law. >> well, i m
their creator got 2 years probation for tax evasion and a 53 million dollar civil penalty for tax evasion. charles, i know you've got a lot to say about this? >> i do. i think this is a great poster case, child, if you will for the attack on capitalism and success in america. here is a guy that created something from nothing and made a lot of people happy and given so much money away to philanthropy. he had an account over in europe didn't tell his accountant about it and made money off...